Detailed text transcripts for TV channel - MSNBC - 20110908:20:04:00
Bill and banking. i look at 2,200 pages, whatever the thing is. it's clear a banking system functions well when there are capital requirements. whether in switzerland, asia, south america, usaustralia or america. banking capital with a capital requirement function because of retained risk. banking system without capital requirements as we have in our swaps market, where the derivatives trade in a dark market, no collateral that undermine everything we do, how do i end up with a 2,200 page bill and do the same on trade or tax or anything that doesn't have a single one page that might fix it? >>...
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